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Pakistan’s First Ever Family Takaful Policy – Given by Pak-Qatar Family Takaful to Sidat Hyder Morshed Associates

Having received their license from the Securities and Exchange Commission on the 16th of August 2007 Pak-Qatar Family Takaful Limited has commenced Family Takaful business in Pakistan. This makes Pak-Qatar Family Takaful the first every Family Takaful operator in Pakistan. This momentous occasion was celebrated at a Press Conference at a local hotel yesterday. The company also signed Pakistan’s first ever Family Takaful policy at this event.

Pak-Qatar Family Takaful will offer products providing financial protection and long term savings such as death/disability Takaful, health Takaful, Education Plans, retirement income plans and other savings schemes. It is run by a strong and professional management team which is keen to make Takaful a successful concept in Pakistan.

The first policy issued by Pak-Qatar Family Takaful was issued to Sidat Hyder Morshed Associates (SHMA). SHMA is a management consulting, technology services and outsourcing practice established and operating since 1986. Their core specialty areas include: actuarial & insurance consulting, human resources consulting, Business Systems Consulting, information solutions & services. SHMA was represented by one of their directors, and resident actuary, Mr. Abdur Rahim Abdul Wahab.

Pak-Qatar Family Takaful Limited, working together with its sister concern, Pak-Qatar General Takaful Limited, will be able to offer Family and General Takaful under one umbrella.